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An update from Quixant ( (GB:NXQ) ) is now available.
Nexteq plc has repurchased 1,377,875 of its own ordinary shares at 67.50 pence per share, which will be held in treasury, as part of its ongoing capital management. Following this buyback, the company’s issued share capital remains at 66,539,060 ordinary shares, but treasury holdings have risen to 8,008,444 shares, reducing the number of shares carrying voting rights to 58,530,616, a figure shareholders must now use when assessing their disclosure obligations under UK transparency rules.
The most recent analyst rating on (GB:NXQ) stock is a Hold with a £73.00 price target. To see the full list of analyst forecasts on Quixant stock, see the GB:NXQ Stock Forecast page.
Spark’s Take on GB:NXQ Stock
According to Spark, TipRanks’ AI Analyst, GB:NXQ is a Neutral.
Quixant’s overall stock score is primarily influenced by its strong financial performance, particularly in cash flow and equity stability. However, technical analysis indicates bearish trends, and the negative P/E ratio raises concerns about profitability. The high dividend yield offers some compensation, but overall, the stock faces challenges in market momentum and valuation.
To see Spark’s full report on GB:NXQ stock, click here.
More about Quixant
Nexteq plc is a UK-listed company whose shares trade on AIM, with its capital structure comprising ordinary shares of 0.1 pence each, some of which are held in treasury and therefore excluded from total voting rights calculations for shareholders.
Average Trading Volume: 106,991
Technical Sentiment Signal: Strong Sell
Current Market Cap: £40.45M
See more insights into NXQ stock on TipRanks’ Stock Analysis page.